Resolute Forest Products Shareholders Approve Company Name Change at 2012 Annual Meeting
MONTREAL, May 23, 2012 /CNW Telbec/ - AbitibiBowater Inc., doing business as Resolute Forest Products (NYSE: ABH) (TSX: ABH), today held its annual general meeting of stockholders in Charlotte, North Carolina. At the meeting, shareholders approved a resolution to amend the Company's certificate of incorporation to change its legal corporate name to "Resolute Forest Products Inc.", effective May 24, 2012. As part of this change, stockholders also agreed to change the Company's common stock ticker symbol from ABH to RFP on both the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX), also effective May 24, 2012. Any impact this legal entity name transition may have for Resolute's customers and business partners will be communicated directly to these parties over the coming days.
Other resolutions approved at the annual stockholder meeting, included:
- The election of eight directors for 2012: Richard B. Evans, Richard D. Falconer, Richard Garneau, Jeffrey A. Hearn, Bradley P. Martin, Alain Rhéaume, Michael S. Rousseau and David H. Wilkins.
- The ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the 2012 fiscal year.
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including newsprint, commercial printing papers, market pulp and wood products. The Company owns or operates 21 pulp and paper mills and 23 wood products facilities in the United States, Canada and South Korea. Marketing its products in more than 90 countries, Resolute has third-party certified 100% of its managed woodlands to sustainable forest management standards. The shares of Resolute Forest Products, formerly doing business as AbitibiBowater, trade under the stock symbol ABH on both the New York Stock Exchange and the Toronto Stock Exchange.
Resolute and other member companies of the Forest Products Association of Canada, as well as a number of environmental organizations, are partners in the Canadian Boreal Forest Agreement. The group works to identify solutions to conservation issues that meet the goal of balancing equally the three pillars of sustainability linked to human activities: environmental, social and economic. Resolute is also a member of the World Wildlife Fund's Climate Savers program, in which businesses establish ambitious targets to voluntarily reduce greenhouse gas emissions and work aggressively toward achieving them.